CPM Forum

General => What's It Worth? => Topic started by: cuz on October 25, 2008, 05:00:44 am

Title: International Bank of Canada
Post by: cuz on October 25, 2008, 05:00:44 am

Hi,
   I hope someone may be able to shed some light onto the value of a note I recently acquired.

International Bank of Canada, One Dollar

Red Serial Numbers, No Prefix

Signed J. C. Fitch

Portrait of Queen Victoria & Prince Albert

Toronto

Dated - September the 15th 1858

Printers - Danforth, Wright & Co New York & Philad


Graded - aUnc with pinhole in left boarder, no folds but minor creases on right side.
Any information on the note, the series or issuing bank would be much appreciated.
Thanks, Cuz.

Title: Re: International Bank of Canada
Post by: BWJM on October 25, 2008, 07:49:34 am

There are numerous varieties for this note, even with the information you provided so far. They all deal with how many signatures appear, the presence and colour of protectors, the engraved vignettes, etc.

If you would be kind enough to provide a scan, this will help identify the note.

Thanks!

Title: Re: International Bank of Canada
Post by: cuz on October 28, 2008, 05:07:53 am

I am having problems loading the image, any tips?

Title: Re: International Bank of Canada
Post by: BWJM on October 28, 2008, 06:36:55 am

Upload the image to http://imageshack.us, then post the thumbnail image for forums here.

I posted the above before reading my email.... doh! Nails me every time, lol!

Anyway, you were kind enough to email me a copy of the scan, along with a few of your comments, which I copy below.

Quote

Hi,
   I am having dramas loading an image onto the website and since you are a Senior Member I was hoping you could help.
I would appreciate if you could load the image from this email. The note measures 184mm x 74mm and the paper has a yellow
tinge rather than the bright white as the scan,
If not, let me know of any tips.
thanks, Cuz

I've uploaded the file to imageshack and it appears below. Click to enlarge.

(http://img372.imageshack.us/img372/1299/interbkcanadadb2.th.jpg) (http://img372.imageshack.us/my.php?image=interbkcanadadb2.jpg)(http://img372.imageshack.us/images/thpix.gif) (http://g.imageshack.us/thpix.php)

From the scan provided, it seems that you have a note catalogued as 380-10-08-04. This corresponds to The International Bank, Issue of 1858, One dollar, one signature (Fitch), brown protectors, small red serial numbers, Falls vignette. (All of these characteristics define the specific variety shown above).

Technically speaking, this note is non-redeemable as the International Bank failed in 1859 prior to laws being passed to ensure the redeemability of failed banks' notes. That said, the note certainly does retain some value. In the hands of a collector, this is one of the most common International Bank varieties, ranging in value as follows: Good $30; Very Good $60; Fine $90; Very Fine $125; Extremely Fine $275 and Uncirculated $425.

It is difficult, at best, to grade a note from only a scan. I would say that your note could grade anywhere from Very Good to Extremely Fine. It would have to be examined in person to identify the specific grade.

For more information, consult a copy of The Charlton Standard Catalogue of Canadian Bank Notes, 6th Edition © 2008, p217.

I hope that helps!

Title: Re: International Bank of Canada
Post by: tommyboy on October 28, 2008, 06:45:13 pm

Is this note for sale?  If so;
Contact   ycart@nb.sympatico.ca 
directly for more info.

tommyboy

Title: Re: International Bank of Canada
Post by: cuz on October 29, 2008, 02:15:42 am

Thanks for the prompt reply, will try to get a copy of The Charlton Standard Catalogue of Canadian Bank Notes, as it may prove very useful (may have to order from Canada)
Sorry tommyboy the note isn't for sale, going into the collection.
cuz